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The pandemic changed everything about our lives, especially how we work. An estimated 114 million people lost their jobs in 2020, while millions more workers had their hours and income cut. Many of those who were lucky enough to keep their jobs had to transition to working from home, often while also juggling family care and remote learning.
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But what started off as a crisis is now turning into an opportunity for a large number of employees. Dubbed “the great resignation,” this latest trend in the workforce has presented a host of new challenges for employers — and new possibilities for workers.
“The great resignation describes the phenomena of professionals leaving their employment positions, or refusing available work, in accordance with their own priorities,” explained Pablo Listingart, a career development expert and founder of ComIT. Those priorities range from shouldering dependent care to a general change of heart regarding their role in corporate America. In fact, nearly 4 million workers resigned from their jobs in July alone, according to the Bureau of Labor Statistics (that’s just slightly below the April record). At the same time, job openings reached a new high of 10.9 million positions. “It’s a movement that’s defined the recovery era, and it’s hard for workers and employers alike,” Listingart said.
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So as Americans continue to shuffle their careers and priorities, here’s a closer look at how people are making money now.
Freelancing
As remote work became the norm during the pandemic, many employees realized they didn’t have to be tied down to an office to earn an income. “Employees who resigned from their full-time jobs have delved into freelancing, since it offers more flexibility in terms of schedules and workload,” said Joe Wilson, senior employment advisor at MintResume. That’s particularly valuable for parents without affordable child care or family leave options, which has been a major hurdle employers face when it comes to filling in-person positions.
According to a recent survey by Upwork, 20% of respondents are considering freelancing. Of those who are, 73% said the ability to work remotely or flexibly is their top reason. On a national scale, that would …….
Source: https://finance.yahoo.com/news/3-ways-people-making-money-210231641.html